By Civil Justice Magazine
Posted on 28 January 2014. Tags: CDOs, class action, Hudson CDOs, Mortgages
The Wall Street Journal (1/24, Chaudhuri, Subscription Publication, 5.91M) reports that a Federal judge ruled Goldman Sachs must face a class-action lawsuit accusing the bank of defrauding investors who bought over $2 billion in CDOs linked to subprime mortgages. Hedge fund Dodona I LLC, which leads the group suing the firm, argues Goldman bet subprime mortgages […]
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Posted in Legal News
By Civil Justice Magazine
Posted on 23 January 2014. Tags: foreign companies, lawsuits
The Washington Post (1/15, Barnes, 4.28M) reports that the Supreme Court on Tuesday “extended protection for foreign companies from lawsuits in the United States over conduct that took place in other countries.” The court dismissed a California case “that sought damages from Germany-based Daimler AG for its alleged complicity in atrocities committed in Argentina’s ‘Dirty War’ against leftists […]
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Posted in Legal News
By Civil Justice Magazine
Posted on 22 January 2014. Tags: big tobacco, tobacco litigation
Most people think that the tobacco litigation ended with the settlement reached in the States Attorneys’ General case against Big’ Tobacco. Yet, in Florida and to a lesser extent elsewhere, the battles against Big tobacco continue. It is ironic that Florida, a target tort reformed state, is the epicenter for these cases. Of course the primary […]
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Posted in Legal News
By Civil Justice Magazine
Posted on 17 January 2014. Tags: class action
The Wall Street Journal (1/15, Kendall, 5.91M) reports that the Supreme Court on Tuesday held that lawsuits by state attorneys general seeking damages for alleged corporate wrongdoing are not limited by the Federal Class Action Fairness Act. In the type of lawsuit known as a parens patriae action, a state attorney general sues a firm for damages or penalties […]
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Posted in Legal News
By Civil Justice Magazine
Posted on 17 January 2014. Tags: California, ConAgra Grocery Products, Lead Paint, NL Industries Inc., Sherwin-Williams
A California judge on Tuesday ordered Sherwin-Williams Co., NL Industries Inc. and ConAgra Grocery Products LLC to pay $1.15 billion to fund a government-run program to address health risks posed by lead paint in California homes. The final settlement ordered by California Superior Court Judge James Kleinberg replaces the tentative order issued last month and increases the amount […]
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Posted in Legal News
By Civil Justice Magazine
Posted on 14 January 2014. Tags: Judge Nash, medical malpractice, New Mexico
When Jack Kevorkian went to jail in 1999 for second-degree murder, not everyone was happy. His advocacy for a patient’s right to end his or her own life was both unwavering and riddled with controversy: not all of his patients were terminally ill, “they” said (whoever “they” were, that is), and assisting anyone in […]
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Posted in Legal News